Skip Ribbon Commands
Skip to main content

Office Tenant Representation

We’ll help you find the right office solution and drive the process to a successful outcome so you can focus on what matters most – running your business.

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Hong Kong is the world's most expensive and volatile office market, so understandin​g the market is key to securing the best space to meet your business needs.

If you are a commercial office occupier, we recommend appointing a Tenant Representation expert to help with your real estate strategy and execution. 

Whether you are looking to renew, relocate, resize, restack or undertake a rent review, JLL can help. We have assisted countless occupiers in finding optimal solutions that have resulted in significant savings, shortened management time and reduced the risks involved in the process.  Our specialists can also help you tap into other valuable services such as Project Management, Design and Workplace Innovation. 

Our streamlined process is one factor that has led to JLL being known as the market leader in Hong Kong since the 1970s.   

JLL's Hong Kong transactions team is the largest in Asia Pacific. We endeavour to combine deep local expertise and market insight with global best practices to secure you a competitive advantage in all negotiations. We've represented some of the largest private sector tenants in Hong Kong, and more Fortune 500 companies than anyone else.  

Our team was named 'Office Team of the Year' in 2014 and 2015 by the Royal Institute of Chartered Surveyors (RICS) - the only international accredited real estate body in Hong Kong. JLL was also awarded the RICS Hong Kong 'Best Deal of the Year' award in 2016 and has been named one of the World's Most Ethical Companies by the Ethisphere Institute for eight straight years.

Please contact us if you are considering any of the following:

  • Lease
  • Acquisition
  • Lease Disposal
  • Rent Review
  • Lease Renewals
  • Lease Restructurings
  • Workplace Innovation
  • Project Management
  • Capital Markets
  • Tailored Market Research specific to your company
  • Corporate Residential or School Placement services
  • Valuation Advisory​​

We pride ourselves on knowing the kind of space that tenants want. That knowledge underlies leasing strategies that secure the best lease terms and forge long-term relationships for lasting value.

We have worked with tenants from a broad spectrum industries to help find the optimum deal to enable them to meet their business goals.  Here's what a few of them have told us about their experience:

Biotechnology Start Up
"J
LL did an excellent job securing a suitable location at a very competitive price for Hong Kong. JLL was extremely knowledgeable and professional which helped guide us through many options. They also prepared detailed comparisons and financial models." 

Financial Services Company
"The JLL team have demonstrated impressive attention to detail and patience in working with us and accommodating our unique needs."

Global Logistics Provider
"JLL expressed great interest in understanding our company's needs and spent tremendous effort in meeting our requirements/ expectations. Their market knowledge is remarkable, which really supported our decision marking."

Hedge Fund
"Excellent service
and superior understanding of the market and our needs. Accessible 24/7 without hesitation."

Accounting Firm
"JLL demonstrated a high degree of professionalism through the process. The team looked after our needs and succeeded in negotiating with the landlord for favourable terms, which well exceeded our expectations."​

Global Rating Agency
"JLL's Tenant Representation experts are true professionals and have served as trusted advisors for many years.  We are extremely pleased with their service and will continue using them on projects going forward." 


Co-Working: An opportunity for Hong Kong

WeWork, a global pioneer in shared office spaces, is bringing its co-working concept to Hong Kong. Brian Brenner, Head of Tenant Representation, explains how JLL secured a huge new flagship for the company in Causeway Bay.

​​

Related news and research

 

 

Launch of New London Riverside Neighbourhood, Gallions Point, in Hong Kong/hong-kong/en-gb/news/700/gallions-point-london-2018Launch of New London Riverside Neighbourhood, Gallions Point, in Hong Kong<p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 7.1pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-align:justify;text-indent:-14.2pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">•   London house builder, Telford Homes, to launch Gallions Point, a riverside development at Royal Albert Docks, on 5<sup>th</sup>, 6<sup>th</sup> and 7<sup>th</sup> October at Landmark Mandarin Oriental Hotel in Hong Kong</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 7.1pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-align:justify;text-indent:-14.2pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">•   Gallions Point is a contemporary neighbourhood of 127 homes located within easy reach of Canary Wharf, the new Royal Albert Dock development by ABP London, the University of East London, the ExCeL Centre and the International Business centres</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 7.1pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-align:justify;text-indent:-14.2pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">•   All residents have access to a 24-hour concierge, private residents Wi-Fi Lounge, underground parking, a convenience store and other retail services</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 7.1pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-align:justify;text-indent:-14.2pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 4.45pt 0.0001pt 0cm;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-align:justify;line-height:13pt;"><strong><span lang="EN-AU" style="font-family:arial, sans-serif, serif, emojifont;"> </span></strong></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><strong><span lang="EN-AU" style="font-family:arial, sans-serif, serif, emojifont;">HONG KONG</span></strong><strong><span style="font-family:arial, sans-serif, serif, emojifont;">, 02 October 2018</span></strong><span style="font-family:arial, sans-serif, serif, emojifont;"> – On 5<sup>th</sup>, 6<sup>th</sup> and 7<sup>th</sup> October London house builder, Telford Homes, will launch Gallions Point at Landmark Mandarin Oriental Hotel in Hong Kong. Gallions Point is a development at Royal Albert Wharf, a new riverside neighbourhood comprising of 127 homes in the heart of the Royal Docks.  Spanning over 275 acres by the River Thames, the Royal Docks is undergoing a £314 million regeneration programme over the next five years transforming the area into a global hub for business and creativity. As part of this renaissance, Telford Homes will create a new neighbourhood, Gallions Point, that will offer contemporary apartments, commercial space and landscaped courtyards to relax and enjoy London’s newest district. JLL has been appointed as the sole agent of the project.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">The first release at Gallions Point features a stylish collection of one, two and three bedroom apartments. The architecture and exterior design of Gallions Point is drawn from the area’s previous incarnation, evident in the materials and bricks used on the residential buildings to the design of the courtyards, which reflect the design aesthetic of the Royal Docks, creating a sense of space and connection with the waterside.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">Representing a modern interpretation of warehouse living, all of the apartments have been thoughtfully designed to maximise space and create generously sized contemporary living accommodation. Floor to ceiling windows flood the rooms with light and the addition of a private balcony or terrace provides extensive views over the landscaped gardens or the vibrant Docklands and East London skyline. The contemporary kitchen and living spaces effortlessly combine form with function; with kitchens by renowned designer London’s Urban Myth combined with stone work surfaces and fully integrated Smeg appliances, making a stylish and enjoyable space for cooking and entertaining.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">Community sits at the heart of Gallions Point and the architecture and design has been formed to include three residential courtyard gardens creating a fantastic place to relax and socialise.<span style="color:red;"> </span>As part of the lifestyle at Gallions Point, all residents have access to a 24-hour concierge on hand to deliver a seamless living experience alongside a private residents Wi-Fi Lounge, underground parking, a convenience store and other retail services.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">Newly designated as London’s only Enterprise Zone, the Royal Docks is set to attract major businesses, creative industries and individuals, leisure facilities and huge investment with the first new commercial properties opening as early as March 2019.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">Leading the commercial regeneration at Royal Docks is ABP, the Chinese business park specialist who is creating what will become London’s third major business and financial centre. </span><span style="font-family:arial, sans-serif, serif, emojifont;background:#fdfdfd;">With 4.7 million sq. ft. devoted to offices, retail and residential use, it will become a hub for Asian businesses wanting to reach European markets and for European companies wanting to do business with them.</span><span style="font-family:arial, sans-serif, serif, emojifont;"></span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><strong><span style="font-family:arial, sans-serif, serif, emojifont;">David Campbell, Group Sales and Marketing Director at Telford Homes, commented: </span></strong><span style="font-family:arial, sans-serif, serif, emojifont;">“</span><span style="font-family:arial, sans-serif, serif, emojifont;">Our vision for Gallions Point is to create an inspiring, community led neighbourhood as part of Royal Albert Wharf, an integral element of the wider Royal Docks regeneration. Strong early investment has already transformed the area with much more still to come, making it an increasingly desirable place to live and work.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">The location of our development, in what is arguably one of Europe’s most significant development projects, will be of interest to both those keen to get on the property ladder, and a prime opportunity for price growth with property prices set to rise significantly once the regeneration is complete. As well as living close to the financial hub of Canary Wharf, residents and businesses in the area will also benefit from excellent access to the West End and central London when Crossrail comes to nearby Custom House in 2019; just 7 minutes from Gallions Point.”</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">Due to complete in spring/summer 2020, residents of Gallions Point have access to a quality lifestyle with a plethora of shops, entertainment and leisure right on the doorstep. From Gallions Reach Shopping Park with over 35 major stores and restaurants to the iconic One Canada Square centre at nearby Canary Wharf there are multiple sources of entertainment and leisure available including the O2 and the Excel Centre. For sports enthusiasts, the London Watersports Centre offers a wide array of activities including sailing, canoeing and a 2,000 metre rowing course, a unique benefit of living so close to the water.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;background:#fdfdfd;">Gallions Point offers superb connections from its advantageous location right next to Gallions Reach on the Docklands Light Railway, offering direct access to London’s financial and business districts with journey times of just 15 minutes to Canary Wharf, 17 minutes to Stratford, 21 minutes to London Bridge and 23 minutes to London City Airport. The West End and Mayfair is accessible in 32 minutes via the Jubilee Line to Bond Street.</span><span style="font-family:arial, sans-serif, serif, emojifont;"></span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">From 2019, the brand-new Crossrail station at Custom House will provide quick and easy access to Tottenham Court Road in just 15 minutes, Bond Street in 17 minutes and Heathrow Airport in less than 45 minutes.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;background:#fdfdfd;">International travel is easy with London City Airport three miles away by road. The airport offering domestic and international flights will benefit from a £200 million expansion increasing annual flights from 70,000 to 111,000 by 2023. </span><span style="font-family:arial, sans-serif, serif, emojifont;">In addition, the Emirates Air Line, London’s only cross-river cable car is also close by via Docklands Light Railway. </span><span style="font-family:arial, sans-serif, serif, emojifont;color:red;background:#fdfdfd;"> </span><span style="font-family:arial, sans-serif, serif, emojifont;"></span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;background:#fdfdfd;">First completions are scheduled for Spring/Summer 2020 with prices at Gallions Point starting from £365,000 (HKD 3.72 million) for a one-bedroom apartment.</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;line-height:13pt;"><span style="font-family:arial, sans-serif, serif, emojifont;background:#fdfdfd;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 42.55pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-indent:-70.9pt;"><strong><span style="font-family:arial, sans-serif, serif, emojifont;">         Hong Kong launch event:</span></strong><strong><span style="font-family:calibri, sans-serif, serif, emojifont;"></span></strong></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 42.55pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-indent:-70.9pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">         Date:      5 - 7 October 2018 (Fri-Sun)</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 42.55pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-indent:-70.9pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">         Time:      11am-7pm</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 42.55pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-indent:-70.9pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">         Venue:   Tian & Di Room, 7/F, Landmark Mandarin Oriental Hotel, 15 Queen’s Road Central, Central, Hong Kong</span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 42.55pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-indent:-78pt;"><span style="font-family:arial, sans-serif, serif, emojifont;"> </span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 42.55pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-indent:-70.9pt;"><strong><span style="font-family:arial, sans-serif, serif, emojifont;">         For more information about the project, please contact:</span></strong><span style="font-family:arial, sans-serif, serif, emojifont;"></span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt 42.55pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-indent:-70.9pt;"><span style="font-family:arial, sans-serif, serif, emojifont;">         Mandy Wong, irp.hk@ap.jll.com, (852) 3759 0909 or visit</span><span style="font-family:arial, sans-serif, serif, emojifont;"></span></p><p class="x_JLLPRbodytext" style="margin:0cm 0cm 7pt 42.55pt;line-height:16pt;font-size:11.5pt;font-family:"arial narrow", sans-serif;color:#212121;background-color:#ffffff;text-indent:-70.9pt;"><span class="x_MsoHyperlink" style="color:#0563c1;text-decoration-line:underline;"><span lang="EN-GB" style="font-size:11pt;font-family:arial, sans-serif, serif, emojifont;">       </span></span><span class="x_MsoHyperlink" style="color:#0563c1;text-decoration-line:underline;"><span lang="EN-GB" style="font-size:11pt;font-family:arial, sans-serif, serif, emojifont;text-decoration-line:none;">  </span></span><span class="x_MsoHyperlink" style="color:#0563c1;text-decoration-line:underline;"><span lang="EN-GB" style="font-size:11pt;font-family:arial, sans-serif, serif, emojifont;"><a href="https://www.jllproperty.com.hk/international-sales" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable">https://www.jllproperty.com.hk/international-sales</a></span></span><span style="text-decoration:underline;"><span lang="EN-GB" style="font-size:11pt;font-family:arial, sans-serif, serif, emojifont;color:blue;"></span></span></p><p class="x_MsoNormal" style="margin:0cm 0cm 0.0001pt;font-size:11pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;"><span style="font-size:14pt;font-family:"source sans pro light", sans-serif, serif, emojifont;"> </span></p><p class="x_MsoListParagraph" align="center" style="margin:0cm 0cm 0.0001pt;font-size:12pt;font-family:calibri, sans-serif;color:#212121;background-color:#ffffff;text-align:center;line-height:13pt;"><span style="font-size:11pt;font-family:arial, sans-serif, serif, emojifont;">- ends -</span></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Grade A Office Rents Continue Upward Trend/hong-kong/en-gb/news/698/grade-a-office-rents-upGrade A Office Rents Continue Upward Trend<p style="text-align:justify;"> <strong>HONG KONG, September 26, 2018</strong> – Grade A office rents advanced by 0.7% m-o-m in August, with Wanchai/Causeway Bay posting the strongest growth on the back of robust demand, up 1.0% m-o-m, according to the latest <a href="http://www.jll.com.hk/hong-kong/en-gb/research/378/2018-property-market-monitor-hkg-sep-2018">Property Market Monitor</a> released by JLL.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">In Central, rents in Grade A1 offices grew by 1.6% m-o-m, underpinned by a tight vacancy environment, while overall, rents in Central grew by 0.9% m-o-m. Rents were able to climb higher despite new lettings in Central registering a m-o-m drop of 51%. Still, finance-related firms remained active and sought to expand in the traditional CBD. In one of the most notable transactions, BitMEX, a cryptocurrency trading platform, reportedly leased the whole of the 45th floor at Cheung Kong Center for a monthly rent of HK$225 p.s.f., setting a new record high for the building.</p><p style="text-align:justify;"> <br></p><p style="text-align:justify;">In Wong Chuk Hang, the completion of South Island Place saw the addition of a further 307,200 sq. ft. of Grade A office space being added to the market in August. However, the realisation of pre-commitments in the building was offset by returning space in Kowloon East, resulting in a net take-up amounting to a mere 28,300 sq. ft. in the overall market for the month. With about 452,000 sq. ft. to be vacated upon lease expiry in Kowloon East over the next 12 months, it is likely that net take-up in the overall market will continue to be weighed down over the short term.</p><p> <img src="/hong-kong/en-gb/PublishingImages/Lists/News/AllItems/AP-HK-RES-HKPMMS_2018_ENG_Sep2-2018-Image.jpg" alt="AP-HK-RES-HKPMMS_2018_ENG_Sep2-2018-Image.jpg" style="margin:5px;width:100%;" /><br></p> <p style="text-align:justify;"> <br> </p><p style="text-align:justify;"> <strong>Alex Barnes, Head of Markets at JLL,</strong> said: "Despite an escalating US-China trade dispute, the market remains robust due to supply and demand fundamentals. While Grade A office rents moved higher in most submarkets during the month, the wave of new office supply coupled with elevated levels of vacancy in Kowloon East are expected to dampen growth in the district in the months to come. Nonetheless, the rise in supply in Kowloon East should will likely provide an opportunity for tenants seeking to decentralise."</p><p style="text-align:justify;"> </p><p style="text-align:justify;"> <strong>Denis Ma, Head of Research at JLL</strong>, added: "The government's recent housing initiatives and the escalating trade hostilities between the US and China contributed to home sales sliding 21% m-o-m in August and to and five-month low. Still, the primary sales market continues to hold up well as developers adopt less aggressive pricing strategies, which is drawing buyers to the market."</p><p style="text-align:justify;"> <br></p><p style="text-align:justify;"> </p><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr><td class="ms-rteTable-default" style="width:14.2857%;"> <strong>Grade A Office Vacancy Rates</strong></td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td></tr><tr><td class="ms-rteTable-default"> <strong>Period</strong></td><td class="ms-rteTable-default"> <strong>Overall</strong></td><td class="ms-rteTable-default"> <strong>Central</strong></td><td class="ms-rteTable-default"><p style="text-align:justify;"> <strong>Wanchai /</strong></p><p style="text-align:justify;"> <strong>Causeway Bay</strong></p></td><td class="ms-rteTable-default"> <strong>Hong Kong East</strong></td><td class="ms-rteTable-default"> <strong>Tsimshatsui</strong></td><td class="ms-rteTable-default"> <strong>Kowloon East</strong></td></tr><tr><td class="ms-rteTable-default"> <strong>End-Aug 18</strong></td><td class="ms-rteTable-default">4.2%</td><td class="ms-rteTable-default">1.5%</td><td class="ms-rteTable-default">1.6%</td><td class="ms-rteTable-default">1.6%</td><td class="ms-rteTable-default">1.4%</td><td class="ms-rteTable-default">9.9%</td></tr><tr><td class="ms-rteTable-default"> <strong>End-July 18</strong></td><td class="ms-rteTable-default">3.9%</td><td class="ms-rteTable-default">1.5%</td><td class="ms-rteTable-default">1.6%</td><td class="ms-rteTable-default">1.4%</td><td class="ms-rteTable-default">1.5%</td><td class="ms-rteTable-default">9.6%</td></tr></tbody></table><p style="text-align:justify;"> <strong><em>Source: Research, JLL</em></strong></p><p style="text-align:justify;"> </p><p style="text-align:justify;"> </p><p style="text-align:center;">– ends –<br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
JLL announces office relocation for further expansion/hong-kong/en-gb/news/697/jll-hk-new-office-one-taikoo-placeJLL announces office relocation for further expansion<p style="text-align:justify;"><strong>HONG KONG, </strong><strong>September 20</strong><strong>, 2018</strong> – JLL is pleased to announce that it is ramping up its presence in Hong Kong with a new office at One Taikoo Place in the first quarter of 2019, a new Grade A office tower on Island East that will allow for further expansion as the company continues to grow.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Being the first international real estate consultancy relocating from the traditional business district to the up-and-coming business district of Quarry Bay, JLL will take up two floors with a total floor area of close to 35,000 square feet at One Taikoo Place, consolidating its two offices out of Three Pacific Place and Tesbury Centre in Wanchai. The relocation and expansion is a response to the company's rapid business growth in the city in recent years, and helps accommodate the projected growth planned for the company moving ahead.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The new building and its high specifications throughout will provide increased office space and state-of-the-art facilities while at the same time offering a nicer working environment for the staff, which is complete with multiple amenities and space for relaxation in the surroundings.</p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Joseph Tsang, Managing Director at JLL in Hong Kong</strong>, says: "Our continued expansion and investment in Hong Kong is proof positive of the growth opportunities the city has to offer. This also speaks eloquently of our commitment to becoming the top consultancy in the real estate industry locally and beyond. As we expand further our customer base, enhance our product and service portfolio and grow our business, a larger space overall is much needed to support our growth."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">"We are excited about our future and look forward to going with the decentralisation trend to move to Quarry Bay, a new hip business district in Hong Kong that can potentially become the second CBD after Central."</p><p style="text-align:justify;"> </p><p style="text-align:center;">- ends -<br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

Hong Kong Property Market Monitor - October 2018/hong-kong/en-gb/research/382/2018-property-market-monitor-hkg-oct-2018-enHong Kong Property Market Monitor - October 2018Home sales volumes fall as prices experience downward pressure0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Hong Kong land supply: Don’t forget about office/hong-kong/en-gb/research/379/2018-jll-research-paper-commercial-land-supply-in-hong-kongHong Kong land supply: Don’t forget about officeHong Kong land supply and the provision for office space. Is there enough future supply and how will this effect Hong Kong’s competitiveness in the region?0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Hong Kong Property Market Monitor - September 2018/hong-kong/en-gb/research/378/2018-property-market-monitor-hkg-sep-2018Hong Kong Property Market Monitor - September 2018Residential sector slowing but still up0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045